Piper Sandler Raises Chart Industries (NYSE:GTLS) Price Target to $160.00

Chart Industries (NYSE:GTLS) had its price objective lifted by Piper Sandler from $151.00 to $160.00 in a research report sent to investors on Monday morning, Benzinga reports. Piper Sandler currently has a neutral rating on the industrial products company’s stock.

Other equities research analysts have also recently issued research reports about the company. Wells Fargo & Company increased their target price on Chart Industries from $155.00 to $172.00 and gave the company an overweight rating in a report on Friday, March 1st. Morgan Stanley started coverage on Chart Industries in a research report on Thursday, April 18th. They set an equal weight rating and a $200.00 price target for the company. UBS Group upgraded Chart Industries from a neutral rating to a buy rating and upped their price objective for the company from $152.00 to $170.00 in a research note on Tuesday, March 19th. Finally, TD Cowen lifted their target price on Chart Industries from $260.00 to $265.00 and gave the stock a buy rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Chart Industries presently has an average rating of Moderate Buy and a consensus price target of $196.21.

Chart Industries Trading Down 1.1 %

Shares of Chart Industries stock opened at $155.22 on Monday. The company has a fifty day simple moving average of $152.05 and a 200-day simple moving average of $136.20. Chart Industries has a 12-month low of $106.66 and a 12-month high of $184.65. The company has a current ratio of 1.25, a quick ratio of 0.95 and a debt-to-equity ratio of 1.29. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 155.22, a PEG ratio of 0.43 and a beta of 1.73.

Chart Industries (NYSE:GTLS) last issued its earnings results on Friday, May 3rd. The industrial products company reported $1.49 earnings per share for the quarter, missing the consensus estimate of $1.88 by ($0.39). The firm had revenue of $950.70 million during the quarter, compared to analysts’ expectations of $970.91 million. Chart Industries had a net margin of 1.59% and a return on equity of 9.49%. The firm’s revenue was up 76.7% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 EPS. On average, equities analysts forecast that Chart Industries will post 11.98 EPS for the current fiscal year.

Hedge Funds Weigh In On Chart Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in GTLS. Allspring Global Investments Holdings LLC bought a new position in shares of Chart Industries during the 1st quarter worth approximately $30,000. Spire Wealth Management lifted its position in shares of Chart Industries by 141.0% in the first quarter. Spire Wealth Management now owns 200 shares of the industrial products company’s stock valued at $33,000 after buying an additional 117 shares during the last quarter. Rise Advisors LLC boosted its position in Chart Industries by 905.0% during the first quarter. Rise Advisors LLC now owns 201 shares of the industrial products company’s stock worth $33,000 after purchasing an additional 181 shares during the period. Cape Investment Advisory Inc. bought a new position in Chart Industries in the 4th quarter valued at about $33,000. Finally, Mendota Financial Group LLC bought a new position in shares of Chart Industries during the fourth quarter worth approximately $77,000.

About Chart Industries

Chart Industries, Inc engages in the designing, engineering, and manufacturing of process technologies and equipment for the gas and liquid molecules in the United States and internationally. The company operates in four segments: Cryo Tank Solutions, Heat Transfer Systems, Specialty Products, and Repair, Service & Leasing.